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Nucleus Software announces Q3 FY 12 Results

January 30, 2012 | Press Release
New Delhi, January 30, 2012: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), announced its Q3 results for financial year 2011-2012.

Nucleus Software's consolidated revenue for the quarter ending December 31, 2011, is at Rs. 74.00 crore in comparison to Rs. 68.61 crore in the corresponding quarter of the previous year. With total expenses at Rs. 63.95 crore in comparison to Rs. 58.50 crore in the corresponding quarter of the previous year, the consolidated EBITDA is at Rs. 10.05 crore in comparison to Rs. 10.10 crore in the corresponding quarter of the previous year. Net profit after tax (PAT) is at Rs. 10.07 crore in comparison to Rs. 7.71 crore in the corresponding quarter of the previous year.

For the nine month period ending December 31, 2011, consolidated revenue is at Rs. 212.19 crore in comparison to Rs. 204.94 crore in the corresponding period previous year. With total expenses at Rs. 185.90 crore in comparison to Rs. 178.41 crore in the corresponding period previous year, the consolidated EBITDA is at Rs. 26.28 crore in comparison to Rs. 26.53 crore in the corresponding period previous year. Net Profit after tax (PAT) is at Rs. 26.55 crore in comparison to Rs. 21.90 crore in the corresponding period previous year.

Highlights

Quarter Ended December 31, 2011
  1. Consolidated revenue at Rs. 74.00 crore from software products and software development services in comparison to Rs. 68.61 crore in the corresponding quarter of the previous year.
  2. Product business revenue for the quarter at Rs. 52.33 crore in comparison to Rs. 51.11 crore in the corresponding quarter of the previous year.
  3. EBITDA at Rs. 10.05 crore in comparison to Rs. 10.10 crore in the corresponding quarter of the previous year.
  4. Net Profit after Tax (PAT) at Rs. 10.07 crore in comparison to Rs. 7.71 crore in the corresponding quarter of the previous year.
  5. Earning Per Share for the quarter at Rs. 3.11 in comparison to Rs. 2.38 in the corresponding quarter of the previous year.
For Nine month Ended December 31, 2011
  1. Consolidated revenue at Rs. 212.19 crore from software products and software development services in comparison to Rs. 204.94 crore in the corresponding period previous year.
  2. Product business revenue at Rs. 154.59 crore in comparison to Rs. 144.65 crore in the corresponding period previous year.
  3. EBITDA at Rs. 26.28 crore in comparison to Rs. 26.53 crore in the corresponding period previous year.
  4. Net Profit After Tax (PAT) at Rs. 26.55 crore in comparison to Rs. 21.90 crore in the corresponding period previous year.
  5. Earning Per Share at Rs 8.20 in comparison to Rs. 6.77 in the corresponding period previous year.
Vishnu R Dusad, CEO and Managing Director, Nucleus Software said, “The new order wins in this quarter coupled with recognition by industry bodies, highlight our leadership position amongst the organizations that offer niche technology solutions to the banking and financial services sector in the industry. We are optimistic about receiving new opportunities from regions across the globe. We will further capitalize our reach in the emerging markets and new services in the coming quarters, with a continued investment in employee engagement.”

Awards & Accolades
  1. Nucleus Software wins Gold shield for Excellence in Financial Reporting, 2011 by Institute of Chartered Accountants of India (ICAI) for the fourth consecutive year under the Category XI – Service Sector (other than financial services sector, transport, shipping and shipping/port allied services (Turn over less than Rs. 500 crore).
  2. South Asian Federation of Accountants (SAFA) adjudged Nucleus' Annual Report as the recipient of ‘Certificate of Merit’ for the Best Presented Accounts and Corporate Governance Disclosures Award 2010 in the category ‘Communication & Information Technology
  3. Nucleus Software Ranked Amongst Top 5 Indian Companies for Corporate Governance by IR Global Rankings 2011
Other Key Information

For the Quarter Ended December 31, 2011
  1. 7 new order wins in the third quarter of the fiscal year
  2. 5 new customers added
  3. Won orders for 22 new product modules
  4. 18 product modules successfully implemented across the globe
  5. Global strength of employees stands at 1677
For the Nine Months Ended December 31, 2011
  1. 17 new orders in the nine month period of the fiscal year
  2. 10 new customers added
  3. Won orders for 43 new product modules
  4. 78 product modules successfully implemented across the globe
  5. Global strength of employees as on December 31, 2011 is 1677
New Client Wins
We have added 5 new customers and bagged 7 new orders for implementing 22 product modules in the third quarter of FY 2011-12 from the leading financial institutions in Africa, South East Asia and India. We have witnessed a significant number of opportunities emerging from these regions in the last few quarters and expect a continued business momentum in these markets.

Consolidating for nine month ending December 31, 2011, Nucleus has won 10 new customers and 17 new product orders for implementing 43 modules of FinnOneTM and Cash Management suite.

Successful Global Implementations:
This quarter 18 product modules went live in various markets across the globe. Some of the implementations were completed in record time.

About Nucleus Software

Nucleus Software (BSE & NSE: NUCLEUS) is the leading provider of lending and transaction banking products to the global financial services industry. Its software powers the operations of more than 150 companies in 50 countries, supporting retail banking, corporate banking, cash management, internet banking, automotive finance and other business areas. Nucleus Software is known for its world-class expertise and innovation in lending and transaction banking technology. It has two flagship products, built on the latest technology:
  • FinnOneTM 10 time winner - World’s Best Selling Lending Solution. 
  • FinnAxiaTM, an integrated global transaction banking solution used by banks worldwide to offer efficient and Innovative global payments and receivables, liquidity management and business internet banking services.
Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit: http://www.nucleussoftware.com/safe-harbor.

For Media related information, please contact:

Rashmi Joshi, Nucleus Software
Email: rashmi.joshi@nucleussoftware.com
Phone: +91-9560694654